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Domestic Equity fund

Hartford MidCap Value Fund    Share Class - I (HMVJX)


Objective

Seeks long-term capital appreciation.

Overview

A mid-cap fund that seeks deeply discounted companies with temporary or cyclical issues in which the upside potential is overlooked.

Portfolio Management
Senior Managing Director
Equity Portfolio Manager
4
YRS
MANAGING THIS FUND
15
YRS
AT WELLINGTON MANAGEMENT
24
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio manager is supported by the full resources of Wellington.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 8/31/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap Value I 19.20 41.40 8.57 9.92 11.73 8.71
Benchmark 22.77 44.50 11.37 11.52 13.26 ---
Morningstar Mid-Cap Value Category 23.49 47.31 10.28 11.22 12.12 ---
 
CUMULATIVE %
(as of 6/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford MidCap Value I 16.81 47.46 9.27 10.65 10.08 8.68
Benchmark 19.45 53.06 11.86 11.79 11.75 ---
Morningstar Mid-Cap Value Category 21.28 55.83 11.08 11.93 10.64 ---

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

SI = Since Inception. Fund Inception: 04/30/2001

Share Class Inception: 5/28/10.
Class I-share performance prior to its inception date reflects Class A-share performance (excluding sales charges) and operating expenses. SI performance is calculated from 4/30/01.

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

Characteristics

FUND ESSENTIALS
Inception Date 04/30/2001
Net Assets $857 million
Total Operating Expenses 0.91%
Morningstar Category Mid-Cap Value
Lipper Classification Mid-Cap Value Funds
CUSIP 41664M425
Fund Number 1552
FUND STATS
# of Holdings
79
% in Equities
99
% in Foreign Equities
2
Beta (3 year)
1.02
R Squared (3 year)
0.97
Standard Deviation
24.12%
Turnover- (6/30/2021)
53%
Active Share
93%
Holdings Characteristics
FUND Russell Midcap Value Index
Price/Earnings
14.6x 16.1x
Price/Book
2.2x 2.9x
EPS Growth Rate
15.8% 15.0%
Asset Weighted Market Cap (billions)
$14.0 $21.7
Return on Equity
13.0% 13.8%
Median Market Cap (billions)
$7.8 $11.4
Top Ten Holdings (%)
Westinghouse Air Brake Technologies Corp. 2.14
Arthur J Gallagher & Co. 2.12
Centene Corp. 2.10
Lumentum Holdings, Inc. 1.93
Ingersoll Rand, Inc. 1.89
Syneos Health, Inc. 1.89
Celanese Corp. 1.82
Diamondback Energy, Inc. 1.81
Assurant, Inc. 1.80
Johnson Controls International plc 1.79
Total Portfolio % 19.29
Centene Corp. 2.37
Diamondback Energy, Inc. 2.17
Syneos Health, Inc. 2.05
Assurant, Inc. 2.03
Westinghouse Air Brake Technologies Corp. 2.00
Johnson Controls International plc 1.92
Arthur J Gallagher & Co. 1.89
Lumentum Holdings, Inc. 1.87
Celanese Corp. 1.78
Voya Financial, Inc. 1.78
Total Portfolio % 19.86
Market Cap Distribution (%)

Market Cap Header3

Less than $2 billion 1
$2 billion - $5 billion 17
$5 billion - $10 billion 41
Greater than $10 billion 42
Not Classified 0
RETURN CHARACTERISTICS
Alpha (5 Year)
-1.57
Down Capture (5 Year)
105.99
Information Ratio (5 Year)
-0.41
Sharpe Ratio (5 Year)
0.53
Up Capture (5 Year)
98.37
Sector Exposure (%)

Exposure Chart Header

FUND
BENCHMARK UNDERWEIGHT / OVERWEIGHT

Exposure Chart Header2

6/30/21 8/31/21 8/31/21 -5 0 5
Industrials 19 21 16
Financials 20 20 17
Health Care 10 10 8
Real Estate 11 11 11
Consumer Discretionary 12 11 11
Utilities 5 6 7
Consumer Staples 3 3 4
Information Technology 9 8 10
Materials 6 6 8
Communication Services 2 2 4
Energy 3 2 5
Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
12/30/2020 14.83 $0.0850 $0.0000 $0.0000 $0.0850
12/11/2020 14.93 $0.0000 $0.0000 $0.0000 $0.0000
Past distributions are not indicative of future distributions.

Fund Literature


07/22/2021 - PDF (193 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2021 - PDF (165 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (137 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2021 - PDF (456 KB)
This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
PDF (3 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
PDF (3 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Mid-cap securities can have greater risks and volatility than large-cap securities. • Different investment styles may go in and out of favor, which may cause the Fund to underperform the broader stock market. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. • To the extent the Fund focuses on one or more sectors, the Fund may be subject to increased volatility and risk of loss if adverse developments occur.

 

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Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, ETF or closed-end interval fund prospectus or summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds and the closed-end interval fund are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA/SIPC. Exchange-traded products are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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